D.R. Horton (NYSE:DHI) Price Target Cut to $169.00 by Analysts at BTIG Research

D.R. Horton (NYSE:DHI) had its price objective decreased by equities researchers at BTIG Research from $174.00 to $169.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. BTIG Research’s price target would indicate a potential upside of 13.37% from the company’s current price.

Several other equities analysts have also weighed in on the stock. UBS Group increased their price objective on shares of D.R. Horton from $155.00 to $192.00 in a report on Monday, January 22nd. The Goldman Sachs Group increased their target price on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. JMP Securities raised their price objective on shares of D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 24th. Royal Bank of Canada raised their price objective on shares of D.R. Horton from $116.00 to $142.00 and gave the stock an “underperform” rating in a report on Monday, January 22nd. Finally, Wedbush lowered shares of D.R. Horton from a “neutral” rating to an “underperform” rating and set a $130.00 price objective on the stock. in a report on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.00.

D.R. Horton Price Performance

DHI opened at $149.07 on Tuesday. D.R. Horton has a one year low of $97.92 and a one year high of $165.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.56 and a quick ratio of 1.20. The company’s 50 day simple moving average is $151.86 and its 200-day simple moving average is $138.04. The stock has a market capitalization of $49.46 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 0.75 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 23rd. The construction company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.88 by ($0.06). D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The business had revenue of $7.73 billion during the quarter, compared to analyst estimates of $7.55 billion. During the same quarter in the prior year, the company earned $2.76 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Sell-side analysts anticipate that D.R. Horton will post 14.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at approximately $809,419. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at approximately $844,053.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at approximately $809,419. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,197 shares of company stock valued at $4,225,745. Company insiders own 1.74% of the company’s stock.

Hedge Funds Weigh In On D.R. Horton

Several hedge funds and other institutional investors have recently made changes to their positions in DHI. Rise Advisors LLC acquired a new position in shares of D.R. Horton in the 1st quarter valued at approximately $27,000. Clear Street Markets LLC acquired a new position in shares of D.R. Horton in the 4th quarter valued at approximately $28,000. Fairfield Bush & CO. acquired a new position in shares of D.R. Horton in the 1st quarter valued at approximately $28,000. Riverview Trust Co acquired a new position in shares of D.R. Horton in the 1st quarter valued at approximately $30,000. Finally, Mascoma Wealth Management LLC raised its position in shares of D.R. Horton by 345.6% in the 3rd quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock valued at $33,000 after buying an additional 235 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

About D.R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.